Weeve and Spherity to Collaboration Will Bring Tangible Goods to the Blockchain

Weeve is a blockchain startup based in Berlin, Germany. It aims at indexing, processing and attesting harvested data as virtual assets. It recently declared that it has entered into a partnership with Spherity to establish decentralized applications. This is aimed at enabling safe, value and verifiable data exchange among individuals, devices, software or mechanisms without the need for intermediaries.

Goods such as clothes, drugs, hardware tools physical possessions. Most of these items are currently smart-things connected online. In order to empower innovative business prototypes for industries such as fashion or automobile industry, it is vital for firms to turn the physical into virtual assets.

In order to implement this, there is need for an exceptional, unclonable identity of an item. This is where Spherity comes in since it is a deep tech innovator with proficiency in this specific field. In many ways, the collaboration between both firms will go a long way towards safely integrating tangible assets into the Weeve network.

This will be done in such a way that their information can be reliably attested with the Weeve technology. Thereafter, they can be monetized through the firm’s IoT data marketplace. In this way, Weeve is able to leverage shared economies for tangible assets on the basis of innovative technology commercial models.

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